This reflected surpluses for goods (€21.0 billion), services (€9.6 billion) and primary income (€8.5 billion), which were partly offset by a deficit for secondary income (€10.7 billion).

The 12-month cumulated current account for the period ending in April 2018 recorded a surplus of €413.7 billion (3.7% of euro area GDP), compared with €361.3 billion (3.3% of euro area GDP) in the 12 months to April 2017. This development was due to increases in the surpluses for services (from €46.1 billion to €106.1 billion) and goods (from €347.2 billion to €353.9 billion), and to a decrease in the deficit for secondary income (from €147.2 billion to €138.3 billion). These were partially offset by a decrease in the surplus for primary income (from €115.2 billion to €92.0 billion).